A solid week of real estate fails to recover completely from the previous week’s slump.
With 981 scheduled auctions and 864 available results, Victoria sees the highest volume of the nation, but with a disappointing 52% clearance rate.
The most lucrative sale of the state and nation was located in St Kilda, 17A Burnett Street consisting of nine quality, spacious apartments, eight of which already house tenants. This ripe investment opportunity sold for $3,850,000, Tony Pride and Margaret Duncan of Pride Real Estate facilitating the sale.
New South Wales
With 775 scheduled auctions and 631 results available, New South Wales too saw slightly lower figures than September’s, particularly the 44% clearance rate.
The highest sale in the state was 32 Heydon Avenue, David Walker of Ray White acquiring $3,700,000 for the home.
This 1930s Stockbroker Tudor combines lush, intricate parterre gardens, Brogan-designed heritage grandeur and contemporary additions, such as pool, electric fireplace and European kitchen appliances.
Queensland was host to a fairly standard 250 scheduled auctions, yielding 207 available results and, as usual, seeing roughly a third of possible sales succeeding, with a 34% clearance rate.
12 Archibald Street was its highest sale, $1,553,000 scored by Angus Commins of Space Property.
Another heritage creation, this home pre-1900s, has also seen renovations without losing its character charm. Featured are high ceilings, attractive fretwork and polished wooden floors – bay window and extensive verandas provide a relaxing space to survey the prime West End location.
South Australia also saw a fairly standard week, failing to clear 100 as the state did periodically in September, but managing 95 scheduled auctions, 81 available results and a 60% clearance rate, a favourable figure among the highest in Australia.
South Australia continues the heritage trend, in a week whose heavy-hitters have rarely escaped the 1900s. Set on an almost 1400 square metre block amid the sought-after Hazelwood Park area, 12 Strathspey Avenue is a picturesque property.
Leadlight windows, three metre ceilings, glazed brick fireplaces and plush carpets make for an idyllic interior, which the exterior pool, tennis court and undercover terrace match in qualit. A $1,730,000 price-tag was acquired by Linda Van Hooff of Ouwens Casserly.
Australian Capital Territory
In a solid week, the ACT was host to 71 scheduled auctions – as with SA, failing to clear 100 as it managed in September. With 65 results available, the 65% clearance rate is the highest figure achieved by a state of substantial volume.
Where other states have seen heritage excellence, the ACT is host to uber-modern luxury, with 89 Samaria Street, sold for $1,380,000 by Jason Roses and Justin Lizardo of Luton.
Grand spaces are delineated by razor-sharp lines, tall ceilings, frameless windows and sheer blinds turning interior living spaces into light-soaked cathedrals, blue stone retaining walls and intricately landscaped gardens making the outside a meticulously beautiful space.
WA was host to 37 scheduled auctions, with 26 results available. Where the first week of September saw a 42% clearance rate, this week was consistent with most results since then, clearing roughly half this amount, with a 19% clearance rate.
The most lucrative sale was that of 21 Nella Place, which sold for $799,000. Nola Tully of Harcourts represented this charming four-bedroom property with country appeal and metropolitan location, solar panels and granny flat adding utility.
A standard Northern Territory week yielded the highest clearance rate Australia saw, albeit with a small sample size. 7 scheduled auctions yielded 6 results available and an 83% clearance rate.
4 Flockhart Drive was the most lucrative sale, Stewie Martin of Central Real Estate acquiring $625,000. With exclusive Marlow Lagoon location, its 1.5 acres contain award-winning gardens, expansive shed, in-ground swimming pool and an open-plan, 4-bedroom home filled with polished luxury and surrounded by a seamless wrap-around verandah.
Tasmania saw three scheduled auctions. Of the two results available, one resulted in a sale, this being 7 Cook Street, at $503,500.
Nina Schubert of Petrusma Property represented this 1920s built cottage, located in the sought-after ‘Lutana Village’ enclave. The home retains ornate fireplaces and Tasmanian Oak floorboards, historical appeal and the sheen of contemporary renovation making this a very attractive property.
A standard week of real estate represents a solid rebound from the Grand Final slump, Victoria and New South Wales excelling in volume while smaller states like South Australia and the ACT maintain high clearance rates.